Vancouver Island Homes For Sale Under $400k highlights affordable options for first time buyers, downsizers and investors. This page connects you to current listings within this price range so you can compare locations, property styles and value across Island communities. Use it to explore available homes and find the right fit for your budget and lifestyle.

Up to $400K

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1,744 Properties Available

Newest Listings

1/42

Active

$230,000

617 SqFt

632 Yates St, Victoria, BC V8W 1L3

Listing by Daniel Hsu Pemberton Holmes Ltd.

1/5

Active

$199,900

6631 Island Hwy, Nanaimo, BC V9T 4T7

Listing by Cindy Su eXp Realty (NA)

951 Homewood Rd ##51, Campbell River, BC V9W 3N7

1/32

Active

$99,900

3 Beds1 Bath1,242 SqFt

951 Homewood Rd ##51, Campbell River, BC V9W 3N7

Listing by Karen Lutz Royal LePage Advance Realty

1051 Murchie WAY ##76, Nanaimo, BC V9R 6K6

1/55

Active

$399,900

3 Beds2 Baths1,739 SqFt

1051 Murchie WAY ##76, Nanaimo, BC V9R 6K6

Listing by Myles McCullough REMAX Professionals (NA)

147 Haliburton St ##502, Nanaimo, BC V9R 4V9

1/23

Active

$370,000

1 Bed1 Bath691 SqFt

147 Haliburton St ##502, Nanaimo, BC V9R 4V9

Listing by Brooke Haxton 460 Realty Inc. (NA)

2071 South Wellington Rd ##5, Nanaimo, BC V9X 1R5

1/17

Active

$16

3,270 SqFt

2071 South Wellington Rd ##5, Nanaimo, BC V9X 1R5

Listing by John Hankins 460 Commercial Inc.

1/7

Active

$16

4,862 SqFt

2111 Douglas St, Victoria, BC V8T 4L2

Listing by Marc Foucher Colliers

2520 Quinsam Rd ##9, Campbell River, BC V9W 4N4

1/65

Active

$149,900

2 Beds1 Bath943 SqFt

2520 Quinsam Rd ##9, Campbell River, BC V9W 4N4

Listing by Stephanie Allardice REMAX Ocean Pacific (Crtny)

3133 Tillicum Rd ##407, Saanich, BC V9A 2B4

1/35

Active

$339,999

2 Beds1 Bath834 SqFt

3133 Tillicum Rd ##407, Saanich, BC V9A 2B4

Listing by Jaclyn McMillan Sutton Group West Coast Realty

3295 Island Hwy ##202, Qualicum Beach, BC V9K 2C6

1/37

Active

$349,900

1 Bath668 SqFt

3295 Island Hwy ##202, Qualicum Beach, BC V9K 2C6

Listing by Shanon Kelley Royal LePage Nanaimo Realty (NanIsHwyN)

4812 Cannon Cres, Pender Island, BC V0N 2M2

1/22

Active

$260,000

0.47 Acres

4812 Cannon Cres, Pender Island, BC V0N 2M2

Listing by Laura Farquhar Oakwyn Realty Ltd.

4848 Cutlass Crt, Pender Island, BC V0N 2M2

1/35

Active

$399,000

1.26 Acres

4848 Cutlass Crt, Pender Island, BC V0N 2M2

Listing by Laura Farquhar Oakwyn Realty Ltd.

5000 Genoa Bay Hwy ##East Wing, Duncan, BC V9L 5Y8

1/21

Active

$250,000

1 Bed1 Bath928 SqFt

5000 Genoa Bay Hwy ##East Wing, Duncan, BC V9L 5Y8

Listing by Nancy Vieira Pemberton Holmes - Sooke

5250 Beaver Harbour Rd ##42, Port Hardy, BC V0N 2P0

1/25

Active

$219,000

2 Beds1 Bath1,207 SqFt

5250 Beaver Harbour Rd ##42, Port Hardy, BC V0N 2P0

Listing by Kristina Fedorak 460 Realty Inc. (PH)

553 Mountain View Dr, Lake Cowichan, BC V0R 2G1

1/7

Active

$285,000

0.19 Acres

553 Mountain View Dr, Lake Cowichan, BC V0R 2G1

Listing by Miranda Scott Royal LePage Island Living (QU)

1/12

Active

$49,999

614 Fisgard St, Victoria, BC V8W 1R6

Listing by Daniel Hsu Pemberton Holmes Ltd.

868 Orono Ave ##408, Langford, BC V9B 2T8

1/27

Active

$359,999

1 Bed1 Bath560 SqFt

868 Orono Ave ##408, Langford, BC V9B 2T8

Listing by Matt Peulen RE/MAX Camosun

940 Old Victoria Rd ##3, Nanaimo, BC V9R 6Z8

Active

$16

2,415 SqFt

940 Old Victoria Rd ##3, Nanaimo, BC V9R 6Z8

Listing by Jason Winton Colliers International (Nan)

950 Old Victoria Rd ##2, Nanaimo, BC V9R 6Z8

Active

$17

3,356 SqFt

950 Old Victoria Rd ##2, Nanaimo, BC V9R 6Z8

Listing by Jason Winton Colliers International (Nan)

9916 Daniel St ##106, Chemainus, BC V0R 1K1

1/31

Active

$288,888

1 Bed1 Bath699 SqFt

9916 Daniel St ##106, Chemainus, BC V0R 1K1

Listing by Adam Kelln eXp Realty (NA)

1/12

Active

$374,900

2.52 Acres

Lot 2 Creekside GLN, Sooke, BC V9Z 1L1

Listing by Marlene Arden RE/MAX Camosun

1/10

Active

$399,900

2.6 Acres

Lot 7 Creekside GLN, Sooke, BC V9Z 1L1

Listing by Marlene Arden RE/MAX Camosun

10114 McDonald Park Rd ##5&6, North Saanich, BC V8L 5X8

1/19

Active

$17

4,812 SqFt

10114 McDonald Park Rd ##5&6, North Saanich, BC V8L 5X8

Listing by Harry Jones JBW Commercial Inc.

1/24

Active

$370,000

3 Beds2 Baths1,800 SqFt

390 alder Cres, Gold River, BC V0P 1G0

Listing by Dawn Dakin eXp Realty (CR)

Vancouver Island Homes For Sale Under $400k FAQ

What can I buy under $400k on Vancouver Island?

Vancouver Island Homes For Sale Under $400k often include manufactured homes, compact cottages, older houses needing updates, and serviced lots in smaller communities.

How available are homes under $400k?

Vancouver Island Homes For Sale Under $400k appear intermittently, with more options outside major centres and fewer near Victoria and Nanaimo.

What condition should I expect at this price?

Vancouver Island Homes For Sale Under $400k may feature smaller footprints, basic finishes, or renovation needs, and many rely on septic, wells, or propane in rural areas.

What extra costs should I plan for?

Vancouver Island Homes For Sale Under $400k still involve closing costs like property transfer tax, legal fees, inspections, insurance, and due diligence on servicing.

Browse Homes for Sale on Vancouver Island

Four hundred thousand opens up condos and townhouses in the larger centres and older detached stock further north. It is the band where a real choice between attached and detached first appears.

Vancouver Island Real Estate Resources

On attached housing at this price the strata documents matter as much as the unit. Fee history, the depreciation report and what is coming up for replacement can move the real cost considerably.

Explore Vancouver Island Regions

The same four hundred thousand buys a condo in one region and a detached house with a yard in another. Which trade suits you depends on what you need within a short drive of the front door.